The existence and uniqueness of the steady equilibrium in the endogenous economic growth model
Lu Guo () and
Wei Yang
MPRA Paper from University Library of Munich, Germany
Abstract:
Without the assumption on the factor linear growth equation and keeping other assumptions in the endogenous growth theory, we prove the growth rate and interest rate endogenous, and then we give general conditions for the existence and uniqueness of the growth rate. Under the condition of the constant returns to scale, the growth rate of every variable and interest rate are constant in the steady state. In addition, we give primary analyses on the stochastic economy with growth.
Keywords: Endogenous Growth; Existence; Uniqueness; equilibrium (search for similar items in EconPapers)
JEL-codes: C62 O41 (search for similar items in EconPapers)
Date: 2020-05
New Economics Papers: this item is included in nep-gro, nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/100703/8/MPRA_paper_100703.pdf original version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100703
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().